Crazy thought, but perhaps there is no need for immediate capital. They completed an R&D return and should now have enough to kick through the next few months, depending on marketing spend.
You can't skimp on marketing spend in this industry. Spending approx $2mill a quarter. Cash at end of December was $2.7mill. Same spend would mean now $0.7mill as at end of March. R&D tax claim around $1mill (has it been received yet?). Whichever way you look at it they're into their last quarter of cash on hand.
They need money and the market knows it.
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0.3¢ |
Change
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Mkt cap ! $3.246M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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17 | 15332954 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 15109258 | 16 |
View Market Depth
No. | Vol. | Price($) |
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17 | 15332954 | 0.003 |
21 | 16286472 | 0.002 |
5 | 9299950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 15109258 | 16 |
0.005 | 6502022 | 12 |
0.006 | 5010649 | 8 |
0.007 | 509874 | 2 |
0.008 | 1998203 | 6 |
Last trade - 10.02am 15/08/2024 (20 minute delay) ? |
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